High visibility, captive growth, substantial earnings and cash flow generation
Drilling is a strategic business of the oil and gas value chain and ADNOC Drilling is a key asset of ADNOC, the Abu Dhabi National Oil Company, whose mission is to manage the vast hydrocarbon reserves and main source of income of the Emirate of Abu Dhabi. As the sole provider of drilling services in Abu Dhabi, we benefit from a unique relationship and a contractual framework with the Group that provides us with an unmatched visibility on our long-term top line growth, returns and cash flow generation.
At the heart of the ADNOC upstream ecosystem, we have, since 1972, built an impressive track record of strong operational and financial performance. Today, as the first national integrated drilling services provider in the region, we are adding a full range of oil field services to our original drilling offering, and are in an advantageous position to serve ADNOC’s ambitious long-term plans to further increase its crude production and to unlock new unconventional gas resources.
"ADNOC Drilling continues to deliver on what matters most: safe and efficient operations, strategic growth, strong cash generation and increased shareholder returns. Growth in OFS is accelerating, while technology and AI are enhancing efficiency, performance and value creation across our operations. Supported by a highly contracted revenue base that provides strong visibility, every well we deliver generates data and insights that help make the next one better, creating a powerful cycle of continuous improvement. The successful completion of the MBPS acquisition further strengthens our regional platform and expands our growth opportunities. These record results reflect the strength of our business model and the disciplined execution by our people. With operations remaining resilient and uninterrupted throughout the period, we are pleased to reaffirm our full-year 2026 guidance with confidence."
| Date | Event |
|---|---|
| 28 October 2026 (TBC) | 3Q 2026 Results |
| 2-5 November 2026 | ADIPEC |
| 3-6 December 2026 | Formula 1 |
| 7-10 December 2026 | ADFW |
| 11 February 2027 (TBC) | 4Q 2026 Results |
For 2Q26, the Board of Directors has approved a dividend of $262.5 million (c. 6.0 fils per share) which is expected to be paid in the second half of August 2026 to shareholders of record as of August 10, 2026. The Company’s $1.05 billion annual dividend floor for 2026 remains well supported by strong free cash flow generation, long term contract coverage, and balance sheet strength.
Our Operations are organized into three reporting segments: Onshore, Offshore (Jack-up and Islands) and Oil Field Services (OFS).
Onshore generated 41% of 2025 revenue.
Offshore contributed 29% of 2025 revenue.
Oil Field Services (OFS) accounted for 30% of 2025 revenue.
Established in 2018, the segment allowed ADNOC Drilling to become the first Integrated Drilling Services provider in the Middle East and is expected to grow significantly over the next decade.
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